iShares S&P 100 ETF (NYSEARCA:OEF) Hits New 12-Month High – Still a Buy?

iShares S&P 100 ETF (NYSEARCA:OEF)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $296.95 and last traded at $296.95, with a volume of 28692 shares trading hands. The stock had previously closed at $294.12.

iShares S&P 100 ETF Trading Up 0.1 %

The stock has a market capitalization of $14.27 billion, a PE ratio of 28.76 and a beta of 1.04. The stock’s fifty day simple moving average is $285.12 and its 200-day simple moving average is $272.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OEF. Fifth Third Bancorp lifted its position in shares of iShares S&P 100 ETF by 1.9% during the 2nd quarter. Fifth Third Bancorp now owns 2,342,784 shares of the company’s stock worth $619,198,000 after buying an additional 43,084 shares in the last quarter. Sigma Investment Counselors Inc. lifted its holdings in iShares S&P 100 ETF by 7.2% during the third quarter. Sigma Investment Counselors Inc. now owns 1,417,510 shares of the company’s stock worth $392,310,000 after acquiring an additional 95,510 shares during the period. Merriman Wealth Management LLC boosted its position in iShares S&P 100 ETF by 1.1% in the second quarter. Merriman Wealth Management LLC now owns 751,929 shares of the company’s stock worth $198,735,000 after purchasing an additional 8,108 shares during the last quarter. LPL Financial LLC grew its stake in iShares S&P 100 ETF by 3.8% in the 3rd quarter. LPL Financial LLC now owns 684,864 shares of the company’s stock valued at $189,543,000 after purchasing an additional 24,946 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of iShares S&P 100 ETF by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 616,360 shares of the company’s stock valued at $162,904,000 after purchasing an additional 35,071 shares during the last quarter.

About iShares S&P 100 ETF

iShares S&P 100 ETF, formerly iShares S&P 100 Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 100 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market and consists of blue chip stocks from diverse industries in the S&P 500 Index.